Capital Power (OTCMKTS:CPXWF) Trading Up 0.6% – Should You Buy?
by Tristan Rich · The Markets DailyCapital Power Co. (OTCMKTS:CPXWF – Get Free Report)’s stock price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $43.50 and last traded at $43.43. Approximately 26,521 shares traded hands during trading, a decline of 40% from the average daily volume of 44,523 shares. The stock had previously closed at $43.15.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of Capital Power in a research note on Monday, October 6th. ATB Capital raised shares of Capital Power to an “outperform” rating in a research report on Thursday, December 11th. CIBC reaffirmed an “outperform” rating on shares of Capital Power in a report on Monday, October 20th. TD Securities reiterated a “buy” rating on shares of Capital Power in a research note on Thursday, October 30th. Finally, Evercore ISI began coverage on shares of Capital Power in a research note on Monday, October 6th. They set an “outperform” rating for the company. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Capital Power
Capital Power Stock Performance
The stock’s fifty day moving average is $45.60 and its two-hundred day moving average is $44.70.
About Capital Power
Capital Power is an independent power producer that develops, acquires, operates and optimizes power generation facilities in North America. The company’s diversified fleet includes natural gas, coal, wind and solar facilities, with a total generating capacity of approximately 6,500 megawatts. Capital Power’s portfolio serves baseload and peaking requirements as well as renewable energy mandates, providing reliable electricity to utilities, municipalities and large industrial customers under long-term power purchase agreements.
Headquartered in Edmonton, Alberta, Capital Power operates in key markets across Canada and the United States.